How I discovered the underground world of credit card network exploitation

Re:How I discovered the underground world of credit card net... by cubefox on Wednesday August 02, 2023 @03:40PM (#36976085)

I don't think customer protection is necessary unless you are dealing with unusually small or shady companies. I live in Germany and do not own a credit card, they are uncommon here. Mostly we pay per bank transfer or debit card. Even with the possibility of fraud, this is probably significantly cheaper in expectation than paying a 2% credit card fee each time just to have the possibility of chargeback.

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Re:How I discovered the underground world of credit card net... by lxgr on Thursday August 03, 2023 @04:51AM (#36983141)

Have you ever considered that what’s keeping most companies proactively honest and consumer-friendly are consumer protection laws and regulations?

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Re:How I discovered the underground world of credit card net... by cubefox on Thursday August 03, 2023 @08:03AM (#36984643)

Have you ever considered that those don't require credit card chargebacks?

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Re:How I discovered the underground world of credit card net... by lxgr on Thursday August 03, 2023 @11:06AM (#36986945)

Of course not, but you made a different point in the comment I was replying to:

> I don't think customer protection is necessary [...]

Chargebacks are only one possible consumer recourse mechanism specific to payment cards. There's other means to keep merchants honest.

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